Fed Poised to Hold Rates as Trump Pressures for Cuts, Deepening Policy Divide
The Federal Reserve is widely expected to keep its benchmark interest rate unchanged on Wednesday for the fifth consecutive meeting, highlighting a growing rift between Chair Jerome Powell and President Donald Trump over the direction of U.S. economic policy. Although the Fed’s decision is expected to maintain the status quo, internal tensions are rising. Economists […]
Bangladesh Boosts Trade Ties with U.S., Expands Aircraft Order and Agricultural Imports
Bangladesh is intensifying efforts to strengthen its trade relationship with the United States, with a sharp focus on aviation procurement and agricultural imports. Commerce Secretary Mahbubur Rahman told reporters that the country is accelerating plans to acquire new aircraft to meet urgent transportation needs. “We need new aircraft urgently, possibly within the next couple of […]
U.S. and EU Strike Trade Deal to Cap Tariffs at 15%, Avoiding Global Economic Fallout
The United States and the European Union reached a last-minute trade framework on Sunday that sets a 15% tariff ceiling on most goods traded between the two economic giants—averting a broader trade conflict that threatened to rattle global markets. The agreement followed a brief but high-stakes meeting between President Donald Trump and European Commission President […]
Australian Women Win Appeal to Sue Qatar Airways Over 2020 Strip Searches
Five Australian women subjected to invasive strip searches at Doha’s Hamad International Airport in 2020 have won the right to sue Qatar Airways, following a successful appeal in Australia’s Federal Court. The women were forcibly removed from a Qatar Airways flight after a newborn baby was found abandoned in an airport bathroom. Without consent or […]
NNPCL Slashes Petrol Price Again to ₦890/Litre, Dangote Sells for ₦885
The Nigerian National Petroleum Company Limited (NNPCL) has reduced the pump price of premium motor spirit (PMS) to ₦890 per litre, marking the second price cut within a week and a ₦5 decrease from the previous ₦895 rate. Simultaneously, filling stations operated by Dangote Refinery’s retail partners AP Ardova, Optima, MRS, and Bovas are offering petrol at a slightly lower price of ₦885 per litre. The downward trend […]
Dangote Urges Sanctions on Idle Licenses, Backs Unified Fuel Standards
President of the Dangote Group, Aliko Dangote, has urged the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to revoke dormant refinery licenses or impose annual penalties on holders who fail to develop their projects. Speaking in Abuja at the NMDPRA / S&P Global Commodity Insights Conference on the West African Refined Fuel Market, Dangote emphasized […]
Nigeria, Egypt Vow Stronger Trade Ties, Target Growth Beyond $211M
Nigeria and Egypt have renewed their commitment to bolstering bilateral trade and economic cooperation, expressing disappointment over current trade volumes despite the vast market potential of both nations. At the 2nd Nigeria-Egypt Business Forum held Monday in Abuja, Nigeria’s Minister of Foreign Affairs, Yusuf Tuggar, revealed that trade between the two countries stood at just $211.2 million in 2023, with […]
Invest in Nigeria, Not Abroad — Dangote Urges Wealthy Nigerians
President of Dangote Industries Limited, Aliko Dangote, has called on Nigeria’s wealthy elite to invest at home, warning that true national development cannot happen without bold, local economic commitments. In a recent interview with select journalists, Dangote criticised the habitual export of African wealth, saying the practice deprives the continent of growth opportunities. “There’s hardly any country […]
Dangote to Build Nigeria’s Deepest Seaport in Ogun, Targets LNG Expansion
Africa’s richest man, Aliko Dangote, has unveiled plans to construct Nigeria’s deepest and largest seaport at Olokola, Ogun State, as part of his expanding industrial empire. In an interview with Bloomberg, Dangote said the proposed Atlantic seaport would significantly enhance exports including liquefied natural gas (LNG) and ease logistical bottlenecks for his growing portfolio of businesses. […]
Dangote Doubts NNPC Refinery Revival Despite $18bn Spent
Alhaji Aliko Dangote, President of the Dangote Group, has cast serious doubt on the future of Nigeria’s state-owned refineries in Port Harcourt, Warri, and Kaduna, questioning the effectiveness of the $18 billion reportedly spent on their turnaround maintenance. Speaking on Thursday while hosting members of Global CEO Africa from the Lagos Business School during a tour of the Dangote Petroleum Refinery in Lekki, Lagos, Dangote suggested that […]
